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Union Of India vs M/S Exide Industries Ltd. on 24 April, 2020

4. At the outset, Ld. Counsel for the assessee fairly submitted that the issue is covered against the assessee by the decision of Hon'ble Supreme Court in the case of Union of India & Ors. Vs. Exide Industries Ltd. in Civil Appeal No. 3545/2009 dated 24.04.2020 wherein the judgment of Division Bench of Hon'ble High Court of Calcutta relied on by the assessee has been reversed and clause (f) in section 43B of the Act has been held to be constitutionally valid and operative for all purposes. The relevant extract of the judgment of Hon'ble Supreme Court on the issue before us is given below:
Supreme Court of India Cites 35 - Cited by 83 - A M Khanwilkar - Full Document
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